Business

Cyprus’ parliament this week approved a new law extending the interval for general property valuations from three to five years. The change aims to optimise resources and streamline operations within ...

Cyprus was represented at the annual general assembly of the European Community Shipowners’ Association (ECSA) and the meeting of its board, held on December 10 in Brussels. Representatives of the Cypriot ...

The Cypriot government on Wednesday provided an update on its strategic campaign to improve the country’s reputation on the global stage. This effort is being spearheaded by Invest Cyprus ...

Job vacancies have dried up faster in the United Kingdom than in other similar countries over the past year, recruitment platform Indeed said on Tuesday, adding to signs of a ...

The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming ...

British shoppers faced increased pressure on their budgets in November after grocery price inflation edged higher for the third month in a row, industry data showed on Tuesday. Market researcher ...

Britain’s financial watchdog was accused in London’s High Court on Tuesday of unlawfully failing to help thousands of people excluded from a 2.2 billion-pound ($2.8 billion) bank redress scheme relating ...

One in four workers are on low wages, a research institute affiliated with the left-leaning Peo union said on Tuesday outlining how income distribution has tilted away from salaried employees ...

Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more ...

The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming ...

GDEV, a global gaming company based in Limassol, recently teamed up with InvestGame to examine the IPO landscape of 87 gaming firms with a combined valuation exceeding $350 billion. The gaming sector, ...

Cyprus saw its trade deficit shrink to €6.37 billion in January–October 2024, a significant reduction compared to €7.56 billion during the same period in 2023. The improvement reflects a 12.3 per cent drop in ...

Billionaire entrepreneur Roman Avdeev has finalised the sale of his remaining stake in Rossium Group and other assets, completing his exit from all Russian business holdings. The transaction, originally announced ...

The Paphos Chamber of Commerce and Industry (Evep) hosted a meeting on Friday with Liu Kai, the Commercial Counsellor of the Chinese Embassy in Cyprus, to explore potential collaborations between ...

Cyprus contributed just €259 million to the European Union budget in 2023, receiving €393 million in return. This positions the island country as a net beneficiary, reflecting broader financial imbalances across member states, ...

The Bank of Cyprus on Tuesday announced that it has been awarded the title of Bank of the Year in Cyprus for 2024 by The Banker, a leading international banking and ...

The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation. The EU’s Instant Payments Regulation is a new regulation ...

Founded by Kyrillos Akritidis and Murad Salikhov, Schwarzwald Capital is a Cyprus-based venture capital firm that has a distinct focus on fintech and the creator economy. Akritidis spoke to the ...

The European Consumer Centre (ECC) Cyprus achieved a consumer satisfaction rate of 94.44 per cent for its case-handling services in 2023, according to its annual report. The majority of complaints (54 per cent) ...

France and Germany’s political crises are a setback for efforts to modernise Europe’s struggling economy and are already making it harder for companies to take the investment decisions ...

The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday. The meeting, which ...

Demand for workers in Britain collapsed last month after the new Labour government’s first budget, a survey published on Monday showed, adding to other signs of the impact of ...

Japan’s bankruptcy filings this year are set to surpass 10,000 and hit the highest since 2013, private-sector data by Tokyo Shoko Research (TSR) showed on Monday, ahead of a closely watched ...

A Rotterdam court held an initial hearing on Monday in the case of a Russian former employee of semiconductor equipment maker ASML (ASML.AS) who is suspected of stealing intellectual ...